The Latin America Compression Garments and Stockings market size was around USD 330 million in 2018. It is expected to grow at a CAGR of 5.6% to reach USD 440 million by 2023. It captures 12% of the global market.

Compression garments are skin-tight apparels, which stimulate blood circulation and stabilize muscles by exerting pressure on specific parts of the body. Compression apparel helps to improve stamina & body balance and control the body temperature. Whereas compression stockings are elastic hosiery garments applied to a lower limb to achieve graduated compression. They are utilized for treating lymphedema, venous hypertension, and venous ulcers to decrease edema and aid return of venous blood to the heart.

The growth of the diseases such as varicose veins and lymphedema conjoined with the overall growth of the healthcare industry, ever growing Latin America aging population which is affected by age-related muscular problems and the gradual rise of the fitness and sports industry are few drivers boosting the market worldwide. The demand for compression garments has risen since athletes prefer them to avoid injuries during an event. The producers are constantly innovating with the materials and revamping styles to woo more consumers. The compression garments and stockings market are extremely prosperous because of the constant modernization drive happening in the sports, fitness and healthcare sector.

The compression garments and stockings market are segmented on the basis of product type into compression garments and compression stockings. Compression garments segment is expected to grow at fastest rate in the Latin America market over the forecast period. The compression garments and stockings market are segmented on the basis of application into varicose veins, wound care, burns, oncology, and others. Varicose veins segment is expected to grow at fastest rate in Latin America market over the forecast period. Hospitals, ASC’s, clinics, online sales and other healthcare facilities are key end-users of the Latin America compression garments and stockings market. The hospital's segment dominated the market in terms of revenue in 2016.

By geography the market is segmented into Brazil, Chile, Argentina and others. Latin America is also anticipated to show significant growth for this market because of the increased burden of diseases.

Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Segment-level analysis in terms product type and Application along with market size forecasts and estimations to detect key areas of industry growth in detail

Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics

Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

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